Sixty-six percent of Chileans assured that they do not invest in the cryptocurrency market due to ignorance, something that influences the massification of this technology.
The first transaction via cryptocurrencies in the Latin American soccer market was recently made public, where the payment and transfer of the Argentine player Giuliano Galoppo were made, from Banfield to San Pablo FC in Brazil, covering the cost of his pass through cryptocurrencies.
This unprecedented transaction accounts for the progress of the crypto world in the region, which is also home to the first country that has adopted crypto assets as legal tender, which allows us to reflect on the projection of this type of transaction in Chile.
The interest of many investors is evident, who despite the movements of the market, still consider the world of cryptocurrencies as a long-term investment, and today with more force curiosity to learn from people who are not inserted in this ecosystem.
Despite the above, the lack of knowledge about this technology means that it is still not used to carry out daily transactions as a true alternative for the general population, beyond simply investing in them.
This technology offers benefits and makes it possible to streamline payment processes in businesses and enterprises in Chile.
Some Data to Consider
A recent study carried out by Blockchain Academy Chile on more than 500 residents in that country revealed the existence of a significant gap with respect to those who have not yet entered this financial system, the main causes being the absence of effective regulation and its high volatility; however, without a doubt, the main obstacle is the lack of financial education.
The foregoing is explained because according to this study, whose purpose was to account for the preferences, knowledge, and evaluation of the people of this market in Chile, 66% of the respondents assured that they do not invest in the crypto market due to ignorance, something that undoubtedly influences the massification of this technology in the country.
It is clear that the discussion and eventual promulgation of the Fintech Law will be a great support and consolidation of this new financial model and scheme, where cryptocurrencies will assume a determining role, which can bring benefits to citizens, and to the processes of institutions, companies, and entrepreneurs.
Some Benefits to Bear in Mind
It is important to know that today it is possible to use this type of technology to carry out international trade and payment operations without the need for regulation. Today there is a type of cryptoactive called stable currency that allows people and businesses to access a type of digital dollar in a simple and fast way, both to have savings in the main currency of global commerce or to make international payments much more efficient than when performing them through the traditional banking system.
It is important not to overlook that today the main thing is that it is financial education that allows us to take that step, towards the empowerment of the crypto world, which is complemented by a law that could allow us to generate access to better financial products because of the promotion of competition in the market and equality for all its participants.
By Audy Castaneda
